Dennis F. Rasmussen virtually emptied his $1 million war chest in the final weeks of his unsuccessful campaign to retain his job as Baltimore County executive, according to the latest campaign finance reports.
Reports due today show the outgoing executive with a balance of $1,257.67 left of the $1,076,452.05 he had raised since the 1986 election. He spent $272,363 in the last two weeks of the campaign.
Roger B. Hayden, the former county school board president who is due to take over the county's highest elected post Monday, spent $56,866 in the final two weeks out of $134,050 raised.
Despite the incumbent's overwhelming edge in money, Rasmussen lost to Hayden, a political novice, by 45,000 votes, garnering only 43.8 percent of those cast.
Hayden's money included a $10,000 loan from a Towson supporter, and his campaign is now $4,000 in debt, according to the report. The loan, from Frank J. Wesolowski, must be repaid within a year at 8 percent annual interest. The loan was received Nov. 2, four days before the election.
Hayden raised $54,147 in the final reporting period, from Oct. 22 through Nov. 20. A big chunk of that money came in 20 gifts of $1,000 each, but the campaign turned away a $1,000 contribution from a relative of Dean L. Gitter, the New York developer who is hoping to build a vast Asian theme park and trade center in Middle River, according to a source close to the candidate.
Although Rasmussen spent much more, he raised less than Hayden since Oct. 22, picking up $41,477 in contributions in that period.
Rasmussen's biggest expenses were $130,000 to Trahan, Burden and Charles, the campaign's Baltimore advertising firm, for television ads; $24,000 to the U.S. Postal Service for mailings, and $48,875 to the caterer of his September fund-raiser.